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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (7657)	3/9/1998 12:46:00 PM
From: qdog	Read Replies (1) \| Respond to of 11888

Don't know. The buzz is $12/bbl now. The problem is that with every big drop, Iraq exports more. Compound that with Indonesia's economic woes and you are in an era of flooding the market or at least that is the perception. Before long OPEC will have to address this with a cut in production quota's. When?? You still have driving season coming so I expect a bottom soon and a return to at least $16 before May, but then I'm even surprised by this as I had figured $15 being the bottom. There is so much bearishness in the pits that even a threat of attacking Iraq doesn't seem to rally it. Hell it's cold in Houston today and that hasn't cause at least a neutral day, maybe when it hits NYC, but the traders already know that it is coming.